Date: Friday, March 14, 2008 Re:  Hapag Lloyd – BAF/CAF ( North America to North Europe ) Received below from Hapag Lloyd. Based upon the latest monitoring of fuel prices, Hapag Lloyd's Bunker Adjustment Factor (BAF), will be held unchanged beyond its current period of application, through, at least,  May 15, 2008, at the following levels: Traffic to/from and via: Atlantic/Gulf Coast Ports $ 752 per 20ft container $ 1504 per 40/45ft container WM $75.00 WM $113.00 Pacific Coast Ports $ 1128 per 20ft container $ 2256 per 40/45ft container With respect to Currency Adjustment Factor (CAF), the Tariff published level, based on the latest monitoring exercise, will remain unchanged at 12% (Twelve percent) through, at least,  May 15, 2008. The  HL BAF and CAF to apply from  May 16th, 2008 , will be announced no later than  April 15th, 2008 . Such will be published in HL relevant tariffs and on its website.